Family Business Management

Paper Code: 
MED-322
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

The objective of the course is to provide an understanding of family business management.

 

18.00

Defining family business; Why family businesses are special, Family business dynamics: people, systems & growing complexity, The family’s relationship with the business: developing a strategic vision & building teamwork.

18.00
Unit II: 
The next generation

 Human resource management and leadership perspective, Getting help: making the most of outside resources.

18.00
Unit III: 
Professionalizing the boardroom:

The role of balanced board of directors Cousin companies: family governance in multigenerational family firms.

18.00
Unit IV: 
Succession Planning:

 Managing succession: the leadership challenge, Building financial security and relinquishing control, Wealth management: family offices and philanthropy

18.00

Family Business Houses in India

Essential Readings: 

1. Peter Leach, Family Business: The Essentials, Profile Books Publications.
2.  Jain, Rajesh, Chains that Liberate: Governance of Family Firms, Macmillan India Ltd.
3. Andrew Drake, Understanding Family Business: A Practical Guide for the Next      Generation, Next Generation Publications.
4. Dutta, S. , Family Business in India, New Delhi: Response Books
5. Goode, W.J.. The Family. Second edition, Upper Saddle River,. Prentice-Hall.

 

 

 

Academic Year: 
2019-2020
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